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NYCHA's policy on publishing PACT partner transaction documents
2:46:33
ยท
66 sec
Council Member Chris Banks questions NYCHA officials about their policy of not publishing documents governing transactions with PACT partners. The discussion reveals that NYCHA continues to keep specific deal documents private.
- NYCHA confirms they still do not publish specific deal documents for PACT partner transactions
- Officials state that template transaction documents are available on their website
- NYCHA cites the need to preserve their ability to negotiate future deals as a reason for not releasing specific documents
Chris Banks
2:46:33
When it comes to transactional transparency, at a hearing in April of twenty twenty four before this committee, NYCHA testified that it does not publish the documents that govern its transactions with PAC partners.
2:46:51
Is this still the case?
2:46:53
And is this still the case?
Jonathan Gouveia
2:46:57
Yes.
2:46:57
That is still the case.
Chris Banks
2:46:58
And are there any plans to begin by making these documents public?
Jonathan Gouveia
2:47:04
We actually have transaction template transaction documents on our website so people can see how the deals are generally structured.
2:47:12
We have not released What's
Chris Banks
2:47:13
the deal itself?
Jonathan Gouveia
2:47:14
We have not released specific deal documents.
2:47:17
Ultimately we want to be able to preserve our ability to negotiate the best possible deal whenever we're doing
Chris Banks
2:47:23
What we want after the deal is negotiated and agreed
Jonathan Gouveia
2:47:26
But that could impact negotiations on future deals.
Chris Banks
2:47:28
So that particular document is not released or is not made public, you're saying?
2:47:34
Or that particular deal for that particular development is not?
Jonathan Gouveia
2:47:37
Not closed, not converted projects, no.